Saturday, January 7, 2012

Bankers may expect 25 slabs D.A. increase from February 2012.

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of December, 2011. However, based on the CPI already announced for the month of October, 2011 and November, 2011, we are doing this guess work. The CPI announced so far are as follows:-

Month

CPI

October, 2011

4519

November, 2011

4542

December, 2011

4565 (Projected)

There has been moderate increase in CPI in the month of October 2011, and November, 2011. Assuming that there will be again only similar moderate increase in CPI for December, 2011 the revised DA is likely to be around 63.90%, for the months of February to April, 2012 (i.e. increase of 25 slabs). [The present DA is 60.15% for the months of November, December, 2011 and January, 2012].

2 comments
:

Possibility of atleast 20 slabs DA increase from February, 2012 for Bank & Insurance employees: as commented by ARNABJIT RAY of The New India Assurance Co.Ltd, KRO. CPI for Dec, 2011 will only be announced on 31st January, 2012.

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